And he really need BUSH?
AS for our homeland hopefully a Rash of indictments in the financial sector from Barrack or McCain or whomever makes the thrown! Expect massive layoffs..... I
McCain's words were sympathetic as well.
"America is in a crisis today," he said — then added: "The economic crisis is not the fault of the American people. Our workers are the most innovative, the hardest working, the best skilled, the most productive, the most competitive in the world. ... But they are being threatened today ... because of greed and corruption that some engaged in on Wall Street and we have got to fix it."
Some in the markets, he said, "have treated Wall Street like a casino."
The Capitalist bends the rules for s big government! Trickle down economics only works when something trickles down but these greedy bast.rds keep it all for themselves! This is why Obamas tax cuts to the WORKING people have the most appeal to me. McCain is a much stronger candidate but somehow feel he is a part of the Good Ole boys club!
This point was made before but I think it needs to be revisited.
"
Trickle Down" vs. "Bottom Up" economics.
Greed is a key ingredient. I cannot refute what just happened. It was irresponsible and people should go to jail if wrong doing can be proved!
I would be the first to support that!
But this does not discount Reaganomics. When business is successful so is the country and every person worth their salt is affected in a positive way. Key phrase - worth their salt!
Look at the housing downfall - The market went bad and it has affected the entire country and rippled throughout the world.
In bottom up - you create more bureaucracy and red tape which I equate to inefficiency and lost money.
The more layers of government you have, the more chance for abuses.
Greed is also present. There is welfare, social security, medicare etc.etc, abuse that we pay for. We also build
dependence on the government into our socioeconomic fabric.
This means that people depend on the government for their existence and survival as well as their day to day lives.
I do not want to discount people who are truly in need of help. This is not about them.
This is about people at the bottom who are there because they are criminals, drug abusers, and low life scum who feel that you and I owe them our paycheck. They will take no responsibility for their actions and wallow in self-pity, hatred, etc. They make little or no attempt to improve their situation and make one excuse after another why the glass is half-empty.
The working poor and some of the middle class can only put money they receive into the bare necessities of living. The money is not spread to the entire economy without that spread gains get lost in the process. The country does not move forward. It stagnates.
The evidence lies in the
rate of return to normalcy between the catastrophes of Katrina and the floods of the midwest. At the Democratic convention during an interview, I heard Mayor Ray Nagin (who is a piece of crap) say he was still waiting for the federal government to pick up the mobile homes and relocate them. Nagin is the type of person who proliferates this "woo is me" attitude. People are not "doing" ... they are waiting for help.
This is a trickle down example...
Most successful businesses subscribe to
adhocracy. Let's just take UPS, besides your paycheck and wonderful benefits, UPS is the largest sponsor of United Way. Talk about trickle down.... when a catastrophe happens, UPS helps coordinate aid to the victims - Trickle down.
You have healthcare so UPS and your money goes to the healthcare industry. Because of your buying power, you support unions, car, travel, housing industries, etc etc etc!
If UPS disappeared tomorrow, what would happen to the economy? 450,000 out of work - all industries and business across the spectrum would be affected. What would be the trickle down affect from that?
For America to move forward, government needs to support business, create incentives to improve benefits and pay rates and salaries to create spending power.
Without a strong business community, our way of life as we know it will diminish and as we go so does the world go (in the short term until some other country, CHINA rises up).
We had a war effort that helped get us out of the Great Depression, now it is time to focus our power and government on all types of energy exploration.
Create and bolster natural gas and other alternative energy industries which will create jobs.
I really don't think a lot of people understand what trickle down really means !?! I hope this example helps you understand it a little better.
